Singapore’s alternative credit scoring startup CredoLab raises US$1 million to expand into Africa

Singapore’s alternative credit scoring startup CredoLab raises US$1 million to expand into Africa

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  Singapore’s CredoLab, a mobile-based alternative credit scoring solutions for banks, consumer finance companies, and retailers has raised US$1 million equity round from Walden International to expand internationally. According to Kris Leong, vice president of Walden International, “There is a big pool of unbanked consumers in Asia with…

Connecticut Innovations Launches VentureClash, a $5 Million Global Challenge for Lagos Startups

Connecticut Innovations Launches VentureClash, a $5 Million Global Challenge for Lagos Startups

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Connecticut Innovations, a U.S. investor in early-stage technology companies has launched VentureClash, its global venture challenge in Nigeria targeting disruptive startups in digital health, fintech, IoT and insurtech. The $5 million contest kicked off in March with the first round of applications and…

We Are Creating a Hybrid Financial Infrastructure That Is Equally Accessible and Efficient-Elizabeth Rossiello, CEO, BitPesa

We Are Creating a Hybrid Financial Infrastructure That Is Equally Accessible and Efficient-Elizabeth Rossiello, CEO, BitPesa

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Being ambitious is great. However, making that ambition a reality is one of the biggest challenges many people are currently facing. This is not the case for Elizabeth Rossiello, the CEO and founder of Bitpesa, one of Kenya’s leading digital payment platforms….

Prudential Financial invests $1.5million in the emerging market-focused LeapFrog Talent Accelerator

Prudential Financial invests $1.5million in the emerging market-focused LeapFrog Talent Accelerator

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Talent development is the single greatest challenge most firms in emerging markets face. To help solve these problems, LeapFrog Investments has launched the LeapFrog Talent Accelerator (LTA), the private equity industry’s first talent development programme for CEOs, C-suite executives and middle managers in…

Peer-to-peer lending platform Pezesha launches instant SMS loans capability for non-smartphone borrowers

Peer-to-peer lending platform Pezesha launches instant SMS loans capability for non-smartphone borrowers

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Kenya’s peer-to-peer lending platform Pezesha has unveiled a new feature allowing borrowers to apply for loans via SMS. The firm said the feature will require borrowers to only send the word “Apply” to Pezesha’s SMS short code 22235 to get loans instantly. These feature will also…

Zazu raises £200,000 through crowdfunding platform Seedrs to launch a digital-only bank in Africa

Zazu raises £200,000 through crowdfunding platform Seedrs to launch a digital-only bank in Africa

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Zazu, which began at the Ignite Accelerator as an e-commerce platform for farmers has raised over £200,000 for a 7.51% equity at a pre-money valuation of £2.5m to build a digital-only bank in Africa, bringing financial inclusion to millions. Co-founded by Perseus Mlambo, CEO, Adam Farah, CTO and Alessandra MartiniCOO, the…

SolarNow raises $6m in debt financing from SunFunder, responsAbility and Oikocredit to expand its reach

SolarNow raises $6m in debt financing from SunFunder, responsAbility and Oikocredit to expand its reach

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  SolarNow has received a $6 million facility lead by SunFunder with the participation of  responsAbility Investments AG and Oikocredit to expand their pay-as-you-go or solar lease offerings to reach more people living without access to energy. The $6 million facility is SolarNow’s second structured asset finance instrument,…

Peer-to-peer marketplace Pezesha to participate at the Blackbox Connect 20 in Silicon Valley

Peer-to-peer marketplace Pezesha to participate at the Blackbox Connect 20 in Silicon Valley

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Kenya’s Pezesha.com a peer-to-peer micro-lending marketplace for Africa has been selected to participate at the upcoming Blackbox Connect 20 accelerator programme, a two-week residential programme for startup founders from across the globe. Holding in Silicon Valley in November this year, Blackbox is…

Oolu raises ​​​​$3.2​​m Series A round from Persistent​​ Energy ​​Capital​​ & ​​Y ​​Combinator to expand in West Africa

Oolu raises ​​​​$3.2​​m Series A round from Persistent​​ Energy ​​Capital​​ & ​​Y ​​Combinator to expand in West Africa

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Y Combinator start-up Oolu​, an off-grid solar companies in Senegal has raised $3.2m led by ​Persistent Energy Capital (PEC), and was joined by ​Y Combinator (YC) ​and other seed investors. ​ Oolu will use the money to further invest in its current​​…